KMG EP makes oil, gas discovery in Rozhkovskoye field

KazMunaiGas Exploration Production Joint Stock Co. (KMG EP) reported making an oil and gas discovery in the Bashkirian tier’s sediments of the Carboniferous period in Rozhkovskoye field. On test in reservoirs of the Bashkirian period, the U-24 well flowed at maximum rates of 1,900 b/d of light, dry crude oil and 6 MMcfd of gas through a 9½-mm choke. U-24 was drilled in 2013 in the northeast wing of the field. Previous exploration at this part of the field targeted hydrocarbons in the Bobrikovskiy and Tournaisian horizons, KMG EP said.

“Positive test results from the new Bashkirian deposit increase the prospects of growing field’s reserves,” the company said.

“The discovery of Bashkirian deposit on Fyodorovskiy block confirms the high potential of this asset,” said Abat Nurseitov, KMG EP chief executive officer.

According to technical audits carried out in accordance with international standards, KMG EP’s 2P liquid hydrocarbon reserves in Rozhkovskoye field to 7.9 million tonnes in 2013 from 5.4 million tonnes in 2012. Production at Rozhkovskoye field is due to start in 2017.

Ural Group Ltd. (UGL) is exploring Rozhkovskoye field, and holds a 100% stake in Ural Oil & Gas LLP (UOG), which owns the exploration license for Fyodorovskiy block in the Zelenovsk district of western Kazakhstan, 70 km east of Uralsk. KMG EP acquired a 50% stake in UGL from Exploration Venture Ltd. in 2011.

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